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HP gives a bleak forecast as split approaches
Hewlett-Packard has lowered its financial outlook for the year after another quarter of declining sales and profit.CEO Meg Whitman is trying to get HP in shape before the company splits itself in two later this year. One half will sell PCs and printers and the other will focus on back-end business products.But the strengthening dollar has been making life tough for U.S. multinationals, and HP is no exception. A strong dollar can have several negative effects, including making overseas sales seem smaller when they’re translated back into the home currency.To read this article in full or to leave a comment, please click here